Metals & Macro Liquidity

According to Jin10 Data on July 30, Chifeng Gold announced that its subsidiary Vientiane Mining completed the second phase of drilling work on the SND gold-copper project in Laos. An updated mineral resource estimate report complying with JORC standards, issued by Snowden Optiro on July 30, 2026,

According to Jin10 data, Shanghai Gold Exchange released trading data on July 30. In the Au(T+D) contract, long positions pay short positions; in the Ag(T+D) contract, short positions pay long positions. The data compiled trading sessions

On July 30, Shanghai Gold Exchange's gold T+D contract closed up 0.06% to 879.67 yuan per gram, while silver T+D fell 0.67% to 13,990 yuan per kilogram.

According to Jin10, Shanghai gold spot prices closed at 878.99 yuan per gram on July 30 (Thursday), trading 0.5 yuan higher than the international gold price of 878.49 yuan per gram.

According to the World Gold Council's Q2 2026 report released today, global gold demand remained flat year-over-year at 1,269 tons, with the first half reaching 2,522 tons, up 2% from the prior year period, valued at approximately $380 billion. Gold ETF net outflows of 45 tons drove the investment d

According to the World Gold Council, China's central bank increased its official gold reserves by 33 tonnes in the second quarter of 2026, marking the fastest quarterly purchase pace in two years and extending its buying streak to 20 consecutive months. As of June 30, China's total official gold

According to the World Gold Council's Q2 2026 Global Gold Demand Trends report, central banks and other official institutions added a combined 289 tons of gold reserves in the second quarter, representing a 62% year-on-year increase. Additionally, a World Gold Council

According to the World Gold Council, China's gold jewelry demand in the second quarter declined to 50 tons, down 28% year-over-year, marking the weakest quarterly performance since 2005.

According to the World Gold Council's Q2 2026 Global Gold Demand Trends Report, central banks and other official institutions net increased gold reserves by 289 tons in the second quarter, up 62% year-over-year. Multiple central banks resumed gold purchases during the period. Despite Q2 strength, f

According to the World Gold Council, on July 30, global gold demand in the second quarter of 2026 remained flat year-over-year at 1,269 tons, as gold prices retreated from historic highs reached earlier in the year. First-half 2026 global gold demand rose 2% year-over-year to 2,522 tons,

According to the World Gold Council report released on July 30, China's gold demand (including jewelry, bars, ETFs, and industrial use) fell 41% year-over-year to 155 tons in the second quarter of 2026, marking the weakest Q2 performance since 2022. Gold jewelry demand dropped 28% and ETFs saw

According to the World Gold Council, India's gold demand in the June quarter declined 6% year-on-year, driven primarily by weak jewelry purchases. Higher gold import tariffs have fueled smuggling and squeezed legitimate market

According to CME data cited by Jin10, on July 29, silver trading volume increased 10,103 contracts to 49,157 hand and open interest rose 2,266 contracts to 108,985 hand. Gold saw trading volume rise 14,809 contracts to 313,535 hand but open interest fell 1,850 contracts. Brent crude oil trading volu

Spot silver fell below $57 per ounce on July 30, declining over 1% intraday.

According to Jin10, domestic gold jewelry prices rose approximately 16 yuan/gram on July 30 compared to the previous day, with most major brands quoting 1236 to 1238 yuan/gram for 99.9% pure gold jewelry.

Tobina Kahn, President of House of Kahn Estate Jewelers, told Kitco News that consumers continue selling unwanted gold jewelry despite prices correcting from January peaks, but the motivation has shifted dramatically. Gold is holding support at $4,000 an ounce after surging to nearly $5,600 in Janua

According to an interview with Kitco News, House of Kahn Estate Jewelers President Tobina Kahn said the sharp correction in gold prices from January's peak of nearly $5,600 an ounce has done little to slow the flow of unwanted jewelry into estate dealers. However, the motivation behind those sales h